Your Business Owner’s

Policy Quote
Prepared for: Your Reference Number:
CHAMELECON REMODELING LLC 76 SBU AY2KJM-002
4817 ROYAL RUN DR Audit Period: Auditable
MEMPHIS, TN 38128-1571 Primary Class Auditable Basis:
Your Primary Location: Payroll
4817 ROYAL RUN DR. Primary Class Auditable Exposure:
MEMPHIS,TN 38128-1571 $65600
Class & Class Code: Offered through:
Interior Remodeling and Renovation Paychex
Contractors; 17711
Policy Term:
May 31, 2023 – May 31, 2024

Quote Good Through*:

August 28, 2023
Proposal Creation Date:
May 31, 2023, 2:40 PM
Insurance underwritten by: Hartford
Underwriters Insurance Company.

*Premium is based on information provided during the application process and is subject to change should any change be made to the
policy. Examples of possible changes include, but are not limited to, changes to coverage, Named Insured(s), location(s), and effective
date.

PREMIUM SUMMARY
COVERAGE PRICE
Business Owner's Policy $4,113
Employment Practices Liability Insurance Included
YOUR ESTIMATED ANNUAL PREMIUM: $4,113**
Proposal summary Page 1 Recommended coverages
Coverage details Page 4 Payment options Page 5
**Your Estimated Premium may change based on coverage changes made through endorsement or if your policy is subject to Premium Audit.

This quote overview was created to show you how we propose to cover your business and to help you feel
confident in the coverages that have been selected. Each section below breaks out some of the important
features of your proposed policy.
1The Hartford’s Customer Claims Ratings as of February 2019. Customer claims reviews were collected and tabulated by The Hartford
and reviews are not representative of all customers.

This document is only a proposal. It can’t be used as proof of coverage, unless bound by an authorized agent.

The Hartford® is The Hartford Financial Services Group, Inc. and its subsidiaries, including Hartford Fire Insurance Company. Its
headquarters is in Hartford, CT. © February 2019 The Hartford
 Your Business Owner’s
Policy Quote
We’re ready to welcome you as a customer of The Hartford! All that’s left is for you to let us/your agent
know when you’d like to start your coverage.

LOCATION(S)
LOCATION DESCRIPTION TYPE AND AREA
CLASS CODE(S)
LOC 1; BLDG 1 4817 ROYAL RUN DR
17711 MEMPHIS,TN 38128-1571

BUSINESS LIABILITY (Also known as General Liability)

Your BUSINESS LIABILITY COVERAGE helps protect and defend your business from covered claims
alleging that you damaged someone’s property, injured them or defamed them. The below overview
shows some of your Business Liability limits.

EACH OCCURRENCE LIMIT

We’ll pay up to this amount for all claims related to a single incident. This total applies no $2,000,000
matter how many people make claims.
GENERAL AGGREGATE LIMIT
We’ll pay up to this total amount for all losses that occur during your policy term, except
$4,000,000
for those losses that are included in the Products/Completed Operations Aggregate,
which are paid under a separate aggregate limit as described below.
PRODUCTS/COMPLETED OPERATIONS AGGREGATE
We’ll pay up to this total amount for all losses that occur during your policy term as a
$4,000,000
result of work you completed or for a product you distributed or sold. It does not cover you
for things that happen while you are doing work.

EMPLOYMENT PRACTICES LIABILITY INSURANCE

Your EMPLOYMENT PRACTICES LIABILITY INSURANCE (EPLI) helps protect and defend your business
from employment-related covered claims including but not limited to, discrimination, sexual harassment or
wrongful termination brought by your employees or applicants. The below overview shows some of your
EPLI limits.

EACH CLAIM LIMIT

We’ll pay up to this amount for each claim covered under the Employment Practices $25,000
Liability Coverage Part.
AGGREGATE LIMIT
We’ll pay up to this amount for all claims covered under the Employment Practices $25,000
Liability Coverage Part.
RETROACTIVE DATE
If no date is entered, the Retroactive Date is the same as the effective date of this 05/31/2023
Coverage part.

1The Hartford’s Customer Claims Ratings as of February 2019. Customer claims reviews were collected and tabulated by The Hartford
and reviews are not representative of all customers.

This document is only a proposal. It can’t be used as proof of coverage, unless bound by an authorized agent.

The Hartford® is The Hartford Financial Services Group, Inc. and its subsidiaries, including Hartford Fire Insurance Company. Its
headquarters is in Hartford, CT. © February 2019 The Hartford
 Your Business Owner’s
Policy Quote
WAGE AND HOUR DEFENSE COST SUB-LIMIT
The Wage and Hour Defense Costs Sub-Limit is only available for claim expenses
incurred to defend a wage and hour violation that occurred on or after the retroactive date $25,000
and before the end of the policy period, regardless of whether any such claim for a wage
and hour violation is made during the policy period or the Extended Reporting Period, if
applicable.

This is a claims-made coverage. Defense costs are included within the limits of liability. However, some states require that defense
costs be in addition to the limits of liability displayed in this quote proposal. Refer to actual policy terms for full notice and details.

CUSTOMIZED COVERAGES FOR YOUR BUSINESS

These added coverages make your policy more unique. They protect against specific risks your business
could face.

BUSINESS LIABILITY COVERAGES ADDED

COVERAGE LIMIT PREMIUM
Amendment - Aggregate Limits (Per Project) Included N/A
Blanket Additional Insured by Contract Included1 $182
Contractor Broadening Endorsement Included1 $137
1 Included in Business Liability Limit(s)

1The Hartford’s Customer Claims Ratings as of February 2019. Customer claims reviews were collected and tabulated by The Hartford
and reviews are not representative of all customers.

This document is only a proposal. It can’t be used as proof of coverage, unless bound by an authorized agent.

The Hartford® is The Hartford Financial Services Group, Inc. and its subsidiaries, including Hartford Fire Insurance Company. Its
headquarters is in Hartford, CT. © February 2019 The Hartford
 Business Liability Coverages
Detail

Businesses can face many different kinds of business liability risks. And a policy can respond to them in
different ways. Below you’ll find a breakdown of the specific business liability coverages your policy includes.
You’ll also see a specific limit, which is either the maximum dollar amount or the length of time that your
coverage pays.

BUSINESS LIABILITY COVERAGE TOTAL LIMIT OF INSURANCE

Business Liability

Liability and Medical Expenses Limit $2,000,000

Medical Expenses Limit $10,000

Damage To Premises Rented To You Limit $1,000,000

General Aggregate Limit $4,000,000

Products-Completed Operations Aggregate Limit $4,000,000

Personal and Advertising Injury Limit $2,000,000

Property Damage Liability Deductible No Deductible

Waiver of Subrogation - Blanket Included

This is not a guarantee of coverage. Actual premium amounts vary and will depend on an applicant’s individual
account characteristics and coverages and limits purchased.

This document contains only a general description of coverages that may be provided and do not include all of
the terms, conditions, or exclusions that may apply. Please refer to the actual coverage forms for complete
details of terms, conditions, and exclusions. In the event of any conflict, the terms of an issued policy prevail.

4
 Payment Options
DIRECT BILL OPTIONS
Choose one of these four options to pay your bill:
• AutoPay. Sign up for Repetitive Electronic Funds Transfer (EFT) to pay automatically from your bank
account. You’ll save on payment fees and get the convenience and peace of mind of automated payments.
• Online. Register at thehartford.com/servicecenter to pay your bill quickly and securely.
• Check. Mail your check and include your payment stub in the envelope we provide.
• Phone. Call us toll-free 866-467-8730 to pay your bill by phone.

PAYMENT BREAKDOWN
The charts below show how we’ll bill you, according to the payment plan you select. We calculate the due
date(s) and minimum amount(s) due based on the anticipated effective date of the policy. Keep in mind that
the dates and amounts could change depending on when the policy is processed.

FULL PAY

One Payment – Paid in full discount applies

DUE DATE PAYMENT AMOUNT
07/01/2023 $3,736.00

MONTHLY OPTIONS – TOTAL ANNUAL ESTIMATED PREMIUM: $4,113.00

With AutoPay Without AutoPay

Fee: $5 per payment Fee: $8 per payment
NUMBER OF
DUE DATE PAYMENT AMOUNT PAYMENT AMOUNT
PAYMENTS
Two 07/01/2023 $2,056.50 – Initial Down Payment $2,467.80 – Initial Down Payment
11/01/2023 $2,056.50 $1,645.20
Four 07/01/2023 $1,028.25 – Initial Down Payment $1,233.90 – Initial Down Payment
09/01/2023 $1,028.25 $1,028.25
12/01/2023 $1,028.25 $1,028.25
03/01/2024 $1,028.25 $822.60
Ten 07/01/2023 $411.30 – Initial Down Payment $1,028.27 – Initial Down Payment
08/01/2023 $411.30 $343.85
09/01/2023 $411.30 $342.61
10/01/2023 $411.30 $342.61
11/01/2023 $411.30 $342.61
12/01/2023 $411.30 $342.61
01/01/2024 $411.30 $342.61
02/01/2024 $411.30 $342.61
03/01/2024 $411.30 $342.61
04/01/2024 $411.30 $342.61

This is not a guarantee of coverage. Actual premium amounts vary and will depend on an applicant’s individual
account characteristics and coverages and limits purchased.

This document contains only a general description of coverages that may be provided and do not include all of
the terms, conditions, or exclusions that may apply. Please refer to the actual coverage forms for complete
details of terms, conditions, and exclusions. In the event of any conflict, the terms of an issued policy prevail.

5
 Payment Options
CONTINUED

A payment fee is assessed on each payment invoice except where prohibited by law.
Any down payment provided will be withdrawn immediately regardless of down payment date shown.

This is not a guarantee of coverage. Actual premium amounts vary and will depend on an applicant’s individual
account characteristics and coverages and limits purchased.

This document contains only a general description of coverages that may be provided and do not include all of
the terms, conditions, or exclusions that may apply. Please refer to the actual coverage forms for complete
details of terms, conditions, and exclusions. In the event of any conflict, the terms of an issued policy prevail.

6
 Mandatory disclosure:
insuring against terrorism
Terrorism Premium: $81

Protecting your business means preparing for risks – even unlikely ones. Your policy includes coverage in the
event of a terrorist attack. In order to offer that coverage, we are required to provide you the following
disclosure about your premiums, coverage and related information.

Terrorism Coverage and Premium Disclosure of Federal Share of Terrorism

In accordance with the federal Terrorism Risk
Insurance Act (as amended “TRIA”), we are required to
make coverage available under your policy for “certified
acts of terrorism.” The actual coverage provided by
your policy(ies) will be limited by the terms, conditions,
exclusions, limits, and other provisions of your
policy(ies), as well as any applicable rules of law.
The portion of your premium attributable to terrorism
coverage is shown above or in the premium section(s)
of this quote proposal or binder.
Definition of Certified Act of Terrorism
Losses under TRIA
The United States Department of the Treasury will
reimburse insurers for 80% of insured losses that
exceed the applicable insurer deductible.
However, if aggregate industry insured losses under
TRIA exceed $100 billion in a calendar year, the
Treasury shall not make any payment for any portion of
the amount of such losses that exceeds $100 billion.
The United States government has not charged any
premium for their participation in covering terrorism
losses.

A “certified act of terrorism” means an act that is

certified by the Secretary of the Treasury, in
accordance with the provisions of TRIA, to be an act of
terrorism under TRIA. The criteria contained in TRIA for
a “certified act of terrorism” include the following:
1. The act results in insured losses in excess of $5
million in the aggregate, attributable to all types of
insurance subject to TRIA; and
2. The act results in damage within the United States,
or outside the United States in the case of certain air
carriers or vessels or the premises of a United States
mission; and
3. The act is a violent act or an act that is dangerous
to human life, property or infrastructure and is
committed by an individual or individuals acting as part
of an effort to coerce the civilian population of the
United States or to influence the policy or affect the
conduct of the United States government by coercion.
Cap on Insurer Liability for Terrorism Losses
If aggregate industry insured losses attributable to
“certified acts of terrorism” under TRIA exceed $100
billion in a calendar year, and we have met, or will
meet, our insurer deductible under TRIA, we shall not
be liable for the payment of any portion of the amount
of such losses that exceed $100 billion. In such case,
your coverage for terrorism losses may be reduced on
a pro-rata basis in accordance with procedures
established by the Treasury, based on its estimates of
aggregate industry losses and our estimate that we will
exceed our insurer deductible.
In accordance with the Treasury’s procedures,
amounts paid for losses may be subject to further
adjustments based on differences between actual
losses and estimates.

Note to Producer on TRIA: The premium for terrorism coverage and the TRIA disclosures above must be
provided to the insured or prospect at the time of quoting. If you are not using this quote proposal, you can use
The Hartford’s stand-alone TRIA disclosure form for quotes and binders, which is available on the EBC or from
the company.